The governor of the Central Bank of Iran says the total amount of loans to businesses by banks will reach 4.6 quadrillion rials ($146.8 billion) by the end of the current fiscal year in March.…
Business And Markets
<p>Iran Business And Markets News, Get the latest business news about Iran including banking, stock market, real estate market, steel industry, mining, trade finance, fintech and insurance.</p>
In response to criticism about the existence of 50 million problematic bank accounts, Governor of the Central Bank of Iran Valiollah Seif Seif said a total of 447 million accounts exist, 439…
Bank Melli Iran is planning to offer foreign visitors prepaid cards connected to Shetab– the domestic interbank transaction network– allowing them to make their payments in local currency during…
Amid feverish debate surrounding Iran’s future relationship with the Financial Action Task Force (FATF), more government officials and private sector leaders are speaking strongly in favor of Iran…
The Export Development Bank of Iran has opened credit lines for subsidiaries of Bank Melli Iran in Russia and Bank Mellat’s subsidiary in Armenia worth $15 million. Ali Saleh Abadi, the CEO of…
Majlis Health Commission has proposed levying a 70% tax on the income of high-earning physicians.
“This is yet another example of hasty decisions made through a mechanical approach to…
Russia’s Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) and Iran Veterinary Organization have agreed on requirements that need to be met before Russia exports…
Isfahan Steel Company will start the mass production of rails in a few days to meet the growing need of ongoing railroad projects across the country.
“The manufacturing line is ready. We…
Iran is planning to construct 700 kilometers of suburban railroads, according to CEO of Islamic Republic of Iran Railways, Mohsen Pourseyyed Aqaei. “The cities of Tehran and Ahvaz are top…
The Economy Ministry settled dues by paying 9.96 trillion rials ($280 million at market exchange rates) of Islamic Treasury Bills on Sunday. These were the second batch of such bills ever offered…
About 8% of Iran’s population have securities trading codes, says Mohammad Reza Mohseni, the head of Central Securities Depository of Iran. There are 4.6 million men and 2.1 million women…
Iran Fara Bourse is increasing its capital by 75% to 700 billion rials ($19.7 million at market exchange rate).
The over-the-counter market is raising 300 billion rials, only 20 billion of…
The subsidiaries of National Iranian Copper Industries Company, including Sungun, Miduk and Sarcheshmeh copper complexes, extracted more than 64.4 million tons of copper ore in the first…
Iranian exchanges need a major overhaul to attract foreign investors, as the systems running Iran’s exchanges are “antique” compared to other advanced markets, Jochen Thiel, managing director of…
Iran Mercantile Exchange witnessed the trading of 764,312 tons of commodities valued at $305.5 million in the trading week that ended on September 8, indicating a 10% and 9% growth in trading…
More than 12.4 million tons of iron ore concentrate were domestically produced in the first five months of the current Iranian year (March 20-August 21), registering a 20% rise compared with…
The Iranian steel market has recovered slightly over the past week, despite stagnation, although such rallies rarely last for long, UK-based specialist international publisher and information…
Tehran Stock Exchange’s main index inched up by 3.60 points or less than 0.01% to end Sunday trade at 76,643.9.
More than 390 million shares valued at $22.5 million changed hands for the…
Head of Treaty London and head of Iran for Matrix Insurance which has recently opened an office in Tehran says Iran represents a great opportunity in the insurance market.
Establishment of a specialized bank for the oil industry in cooperation with contractors could help solve the sector’s funding problems, said Bahaedin Husseini, a former banker. He says the…
In its latest report mapping out the economic performance of the country during the previous fiscal year that ended in March, the Majlis Research Center has identified three major challenges…
Iran Chamber of Cooperatives and Taavon Insurance (Cooperative Insurance) Saturday signed an agreement, according to which the insurer will provide members of the chamber insurance coverage with…
The action plan of the Central Bank of Iran regarding the implementation of the Banking Overhaul Plan is premised on 10 key factors, said the vice-governor of the bank.
Eight months after the lifting of the sanctions, Iranian ships are gradually getting coverage from international P&I Clubs–a privilege denied during the sanctions years that hit many…
The Money and Credit Council, the highest policymaker in financial markets, has allowed Bank Maskan to offer regional housing loans in a bid to boost the long-stagnating housing market. MCC has…
